Manx Financial Group (MFX)

Sector:

Financials

Index:

FTSE AIM All-Share

 14.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 26.00
  • 52 Week Low: 13.25
  • Currency: UK Pounds
  • Shares Issued: 119.72m
  • Volume: 135,169
  • Market Cap: £17.66m
  • Beta: 0.37

Manx Financial extends loan terms with Burnbrae, director

By Josh White

Date: Friday 22 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Manx Financial Group announced on Friday that Jim Mellon and Burnbrae have agreed to extend outstanding unsecured convertible loans of £1.7m, due to expire on 31 July, for a further five years to 31 July 2027.
The AIM-traded firm said a loan of £1.2m was from Burnbrae, and the remaining loan of £0.5m was from Mellon himself.

It said the new annual interest rate would be 7.5%, up from a previous 5.0%, and the new conversion price would be 8p per share, up from 7.5p.

"All other terms are unchanged, including the ability for the company to repay the loans at any time during the period," the board said in its statement.

At 1032 BST, shares in Manx Financial Group were flat at 8.5p.

Reporting by Josh White at Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MFX Market Data

Currency UK Pounds
Share Price 14.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 26.00
52 Week Low 13.25
Volume 135,169
Shares Issued 119.72m
Market Cap £17.66m
Beta 0.37

MFX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.76% above the market average66.76% above the market average66.76% above the market average66.76% above the market average66.76% above the market average
51.85% above the sector average51.85% above the sector average51.85% above the sector average51.85% above the sector average51.85% above the sector average
Price Trend
43.73% below the market average43.73% below the market average43.73% below the market average43.73% below the market average43.73% below the market average
41.07% below the sector average41.07% below the sector average41.07% below the sector average41.07% below the sector average41.07% below the sector average
Income
57.51% above the market average57.51% above the market average57.51% above the market average57.51% above the market average57.51% above the market average
44.62% above the sector average44.62% above the sector average44.62% above the sector average44.62% above the sector average44.62% above the sector average
Growth
75.08% above the market average75.08% above the market average75.08% above the market average75.08% above the market average75.08% above the market average
72.55% above the sector average72.55% above the sector average72.55% above the sector average72.55% above the sector average72.55% above the sector average

MFX Dividends

  Latest Previous
  Final Final
Ex-Div 16-May-24 15-Jun-23
Paid 24-Jun-24 19-Jul-23
Amount 0.46p 0.38p

Trades for 21-Nov-2024

Time Volume / Share Price
14:11 92,500 @ 14.56p
10:17 16,669 @ 14.67p
09:12 26,000 @ 14.83p

MFX Key Personnel

Chair James (Jim) Mellon
CEO Douglas Grant

Top of Page